Bitcoin near key support as risk assets decline amid cooling speculative trading

Huo Xing Finance reports that on October 15, according to market data, Bitcoin fell 2.02% over the past 24 hours, trading at $81,480, nearing the lower end of its recent trading range. Despite cryptocurrency analysts significantly shifting to a bullish outlook, Bitcoin remains under pressure from a broader market correction in risk assets. As the largest cryptocurrency by market capitalization, Bitcoin is trading around $81,700. Market appetite for speculative trading has cooled due to higher-than-expected inflation data and renewed selling pressure on semiconductor stocks, leading to weakness in the cryptocurrency market. The Nasdaq 100 Index declined 2%, while the U.S. dollar rose to its highest level since May 2025. Following September’s highest consumer price increase since April, traders have further increased bets on additional Fed rate hikes. According to BIT (bit.com) market data, at the close of U.S. markets on Wednesday, the Dow Jones Industrial Average fell 0.09%, the S&P 500 dropped 1.1%, and the Nasdaq Composite declined 1.88%. Micron Technology (MU.O) fell 4%, SK Hynix (SKHY.O) dropped 6%, NVIDIA (NVDA.O) slid 3%, Coreweave (CRWV.O) tumbled over 15%, and Dell (DELL.N) declined more than 11%.